Exploring Tariffs and Other Factors that May Affect Your Finances in 2025 Series

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Home Insurance Costs Are Skyrocketing – Here’s What You Can Do

Why Your Home Insurance Bill Keeps Rising (And How to Fight Back)



If you’ve noticed your home insurance premiums climbing, you’re not alone. Since 2018, the average annual cost has surged 62% to $1,761, adding financial pressure to homeowners already dealing with high mortgage rates.


Why the spike?

  • Increased natural disasters (wildfires, hurricanes) driving up claims.
  • Rising construction costs making repairs more expensive.
  • Inflation pushing insurers to adjust premiums.


What can you do?

  • Shop around – Compare quotes annually.
  • Raise your deductible – Lower premiums by taking on more risk.
  • Bundle policies – Some insurers offer discounts for multiple policies.


Recession-Proof Your Finances

  • Build emergency funds with Marcus' high-yield savings (Bonus link)

  • Earn $300 total with SoFi direct deposit (Offer details)

  • Invest spare change via Ally's automated tools (Referral code)


Stay tuned for part two of this series, where we’ll dive into shopping for better rates!


More financial insights: LinkedIn Articles | Blogger | Medium

Support my work: Buy me a Ko-fi!


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